RYE, N.H. — Valencia Realty Capital has arranged $13 million in financing for National Health Investors (NYSE: NHI). The loan package will be used toward NHI’s acquisition of Evolve at Rye, a 40-unit memory care community in Rye, located along the Atlantic Ocean near the Maine border.
The single-story community was built in 2013. NHI is acquiring the property through an auction transaction for $11 million. The planned use for the excess $2 million was not disclosed.
Boston-based Valencia structured the financing as a $10 million senior debt facility and $3 million of equity.